Highview Corp. applies manufacturing overhead to production at 120% of direct labor cost. During the year ended 20x8, manufacturing overhead of $96,000 was applied to production; actual manufacturing overhead was $109,000. Beginning Work in Process Inventory was $14,300 and beginning Finished Goods Inventory was $35,400. Work in Process Inventory increased by 15% during the year and Finished Goods Inventory decreased by 10% during the year. Sales for the year ended 20xx were $451,000, yielding a $129,300 gross profit. Complete the following schedule: Item Direct Materials Used in Production Direct Labor Manufacturing Overhead Applied Current Manufacturing Costs Beginning Work in Process Inventory Ending Work in Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold Amount